How IV was paid
$1.2M in total for fiscal 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Pension | Other | Total |
|---|---|---|---|---|---|
| Robert G. Culp, IVPresident and Chief Executive Officer | $500,000 | $575,269 | $5,235 | $115,947 | $1,196,451 |
| Kenneth R. BowlingExecutive Vice President, Chief Financial Officer, and Treasurer | $301,600 | $242,901 | $10,536 | $97,988 | $653,025 |
| Thomas M. BrunoChief Commercial Officer | $286,000 | $230,339 | — | $60,528 | $577,657 |
What changed and why
- $1.2M$1,196,451 was CEO Robert Culp’s fiscal 2025 total compensation, down from $1,281,263 in fiscal 2024.
- 0 NEOs received fiscal 2025 annual cash incentive compensation because performance was below threshold.
- 0 NEOs earned performance-based shares eligible to vest in fiscal 2025 because operating performance was below threshold.
- Fiscal 2025 long-term awards consisted solely of performance-based restricted stock units, replacing the historical mixed structure.
- 60%60% of annual incentive weighting was adjusted operating income, with adjusted cash flow and net sales weighted 20% each.
- $10M$10 million to $11 million of annualized savings and operating improvements were expected from the restructuring plan.
Other CULP proxy statements
- 2026 proxy statement
Robert G. Culp, IV paid $1.1M (-6% on the year).
Filed Aug 13, 2026
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.